Explain this page
Arphra AIPlain-English read on Allegion plc’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $2.87B | $3.27B | $3.65B | $3.77B | $4.07B | $4.37B | $4.57B | $4.74B | $5.1B |
| Cost of revenue | $1.66B | $1.95B | $2.07B | $2.1B | $2.23B | $2.44B | $2.49B | $2.68B | $2.81B |
| Gross profit | $1.2B | $1.32B | $1.58B | $1.67B | $1.84B | $1.91B | $2.08B | $2.14B | $2.31B |
| Gross margin | +42.02% | +40.42% | +43.32% | +44.23% | +45.20% | +43.69% | +45.38% | +45.23% | +45.37% |
| Operating | |||||||||
| Research & development | $0 | $0 | $0 | $112.7M | $132M | $91.5M | $96.09M | $98.02M | $106.5M |
| Selling, general & administrative | $674.7M | $736M | $865.6M | $887.8M | $978.8M | $1.01B | $1.09B | $1.12B | $1.19B |
| Total operating expenses | $674.7M | $736M | $873.1M | $887.8M | $978.8M | $1.03B | $1.07B | $1.15B | $1.21B |
| Operating income | $530.2M | $586.4M | $708.4M | $780.7M | $859.5M | $876.1M | $944.61M | $978.79M | $1.03B |
| Operating margin | +18.49% | +17.92% | +19.40% | +20.70% | +21.13% | +20.03% | +20.65% | +20.64% | +20.27% |
| EBITDA | $657.3M | $688.3M | $821.9M | $916.9M | $989.2M | $1.06B | $1.11B | $1.14B | $1.2B |
| EBIT | $574.2M | $590.4M | $710.3M | $800.8M | $859.5M | $877.08M | $917.02M | $963.29M | $1.07B |
| Below the line | |||||||||
| Interest expense | $50.2M | $75.9M | $93.1M | $102M | $101M | $113.49M | $120.77M | $122.08M | $127.93M |
| Interest income | $400K | $1.3M | $6.8M | $20.5M | $12M | $14.88M | $15.65M | $16.48M | $17.51M |
| Other income / expense | -$6.2M | -$71.9M | -$91.2M | -$81.9M | -$91.1M | — | — | — | — |
| Pre-tax income | $524M | $514.5M | $617.2M | $698.8M | $768.4M | $783.39M | $810.59M | $873.53M | $915.61M |
| Income tax expense | $40.7M | $56.2M | $76.6M | $101.3M | $124.6M | $115.55M | $121.26M | $125.74M | $134.51M |
| Earnings | |||||||||
| Net income | $483M | $458M | $540.4M | $597.5M | $643.8M | $669.91M | $706.97M | $751.82M | $765.91M |
| Net income · continuing ops | $483.3M | $458.3M | $540.6M | $597.5M | $643.8M | $696.86M | $700.89M | $734.69M | $807.82M |
| Net margin | +16.84% | +14.00% | +14.80% | +15.84% | +15.83% | +15.32% | +15.45% | +15.86% | +15.03% |
| EPS · basic | $5.37 | $5.20 | $6.15 | $6.85 | $7.49 | $8.88 | $9.48 | $10.33 | $12.46 |
| EPS · diluted | $5.34 | $5.19 | $6.12 | $6.82 | $7.44 | $8.77 | $9.55 | $10.41 | $12.30 |
| EPS · low estimate | — | — | — | — | — | $8.72 | $9.33 | $10.00 | $12.00 |
| EPS · high estimate | — | — | — | — | — | $8.83 | $9.81 | $10.83 | $12.57 |
| Shares · basic | 89.9M | 88M | 87.9M | 87.2M | 85.9M | 86.62M | 86.56M | 85.67M | 85.59M |
| Shares · diluted | 90.5M | 88.3M | 88.3M | 87.6M | 86.5M | 86.07M | 86.39M | 87.04M | 87.34M |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 9 | 9 | 6 | 5 |
| Analysts (EPS) | — | — | — | — | — | 8 | 8 | 3 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro